68: CHARGES(For sample precedents of clauses as to charging see Form 68.1 [2204] onwards.)68.1 Charges generallyThe word ‘charge’ can have a number of meanings in a commercial contract, including:(a) the fees or payments a party needs to make under the contract, or the costs and expenses incurred by a contracting party1; or(b) legal and equitable charges (eg mortgages), discussed in this section.‘Retention of title’ clauses, which often give rise to legal and equitable charges, are discussed in a separate section2. The following paragraphs do not consider the drafting of
(For sample precedents of clauses as to charging see Form 68.1 [2204] onwards.)
The word ‘charge’ can have a number of meanings in a commercial contract, including:
the fees or payments a party needs to make under the contract, or the costs and expenses incurred by a contracting party1; or
legal and equitable charges (eg mortgages), discussed in this section.
‘Retention of title’ clauses, which often give rise to legal and equitable charges, are discussed in a separate section2. The following paragraphs do not consider the drafting of
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